Health & Human Services Software Company In New Jersey For Sale

Business description

This is a great opportunity to own a well established software service business in the lucrative healthcare industry as well as purchase the building with the help of seller financing. This company provides client data management and EHR solutions primarily to nonprofit behavioral healthcare and social services providers but is well suited for any business providing human services to groups, families or individuals.
The customizable software allows their clients to efficiently manage their various services, bill patients, provide management reports and track their consumer data. The software is made available either on-premise or as a hosted solution. After implementation the company provides classroom and webinar training and on-going helpdesk and telephone support. Revenue is generated from implementation and monthly licensing fees. Established in the business for 20 years their exceptional service has created a very loyal account base with many of them with the company since inception. In a difficult economic climate, they have had revenue growth in 2011 and are expecting additional growth as their client base upgrades to the new certified software. Cash flow is calculated without rent expense. The business can be purchased separately for $600,000 with $300,000 down. The building, valued at $390,000 is 2,500 sq ft with a loft and can be used for retail or office space. Additionally, there is a full basement for storage. Seller financing for the building is only available if purchased with the business, with terms negotiable. The owner is retiring but will provide support for an extended period of time to insure a smooth transition.

Property information

Premises details:

Business located in 3200sq.ft mixed used building, occupying 1,200sq.ft. Has space for parking

Business Operation

Expansion potential:

Revenue growth potential with the addition of outside sales

Competition / Market:

Mid size business with an expanding market

Reasons for selling:

owner retiring

Trading hours:

Office hours Mon-Fri 9am-5pm, Help desk 7am-7pm

Employees:

3FT/1PT

Years established:

1991

Other information

Support & training:

Owner willing to stay for an extended period of time to insure a smooth transition

Financing available:

Seller financing for qualified buyers, terms negotiable

Furniture / Fixtures value:

$5,000

Inventory / Stock value:

$390,000 (included in the asking price)

Relocatable:

This business can be relocated.